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#1909863 - 03/29/14 04:03 PM Crystal Ball
Andy_Z Offline
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Joined: Oct 2000
Posts: 27,590
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HMDA CHange - not this year.

CFPBs Kathleen Ryan who is deputy assistant director for the bureaus Office of Regulations, told bankers the agency came to a point last fall where we put the pen down.

Home Mortgage Disclosure Act revisions remain a work in progress. No final rule on HMDA is coming this year, said Ryan, so dont worry.

Data-gathering rules for small business lending along the lines of HMDA were mandated by the Dodd-Frank Act and tasked to the bureau. Ryan said that those rules are sometime off. The bureau wants to get some experience with the expanded reporting under HMDA before moving ahead with the business rules.
My opinions are not necessarily my employers.
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#1909866 - 03/30/14 10:42 AM Re: Crystal Ball Andy_Z
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,292
Good info. Thanks
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy

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